OREANDA-NEWS. June 01, 2010. SCM Limited (subsidiary of ZAO SCM, a holding company of SCM Group) received 100% of the shareholding in Avlita stevedoring company. In addition, Avlita's Shareholders Meeting made changes in the Supervisory Board in line with the new ownership structure (representatives of ZAO SCM became members of the Supervisory Board).

Metinvest transferred the corporate rights for Avlita to SCM as a part of a corporate structure optimization process because the business operations of Avlita are not limited to the shipments focused on meeting the needs of only the mining and metals holding of the Group. We believe that Avlita is a strong business with a good market position in all segments of its activities. The stevedoring company has a solid potential for further growth, which now will take place within SCM Group and outside its industrial holdings yet in close cooperation with them. All existing and potential synergies with other assets of the Group will be taken advantage of in future.